Daily Market Research — Bearish MACD Opportunities

Hess Corp.
- Symbol: HES
(Exchange: NYSE)

Buy and Hold

On 08/31/16 generated a Bearish MACD Opportunities signal at the entry price of 54.30.
After 889 days,
the latest closing price is 54.94.
The current return for Hess Corp. is -1.18%.
It is currently
a losing trade.
After two weeks of trading,
Hess Corp. had returned 14.40% on investment. After a month, 1.25%.
After two months, 11.88%.

Trading System Results

Description — Bearish MACD Opportunities

MACD: One of the most
popular indicators used in technical analysis is the MACD (moving
average convergence/divergence). In its most common form, the MACD
is calculated by taking the difference between a 26-day and a 12-day
exponential moving average. This difference, sometimes referred
to as the price oscillator, will vary depending on the
momentum of the security. A second line, called the signal or trigger line,
is created by taking a nine-day exponential moving average of the
price oscillator.

The MACD is a trend-following indicator,
moving in the direction of the prevailing price movement. This
should be apparent, since it is based on moving averages that are
calculated by using a security's price history. Since the price
oscillator is the 12-day minus the 26-day exponential moving average,
the difference of zero results in a horizontal line. Such a line
indicates that the 26-day and the 12-day moving averages are changing
at the same rate. In general, the quantity of the difference and
whether it is positive or negative show how much faster or slower
the exponential averages are moving relative to each other. —Amy
Wu, 2001

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